Business, 10.03.2020 07:29 HernanJe6

You have just started your first job and are already planning for retirement. You plan on retiring in 31 years. To support your lifestyle you will need to have saved $1,980,000 at the time of your retirement. Your retirement account promises a 10% return compounded annually. How much would you need to deposit each year to reach your goal? Assume that you will make equal deposits each year.

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